(a)
Approval requirement. Except as provided in subsection (b),
any individual or entity desiring to offer a program for CPE credit under this
chapter shall apply to the Board for approval as a CPE program
sponsor.
(b)
Exemption from
approval process. The following are deemed approved CPE program
sponsors and are not required to submit applications for approval to the Board:
(1) An individual or entity that is a member
in good standing of NASBA's National Registry of CPE Program
Sponsors.
(2) An individual or
entity that is approved as a CPE program sponsor by the accountancy regulatory
body of a state that permits the practice of public accounting under principles
of substantial equivalency.
(3) A
college or university accredited by a Nationally recognized accrediting agency
recognized by the United States Department of Education when offered as part of
its approved curriculum.
(c)
Contents of application for
approval. An application for approval as a CPE program sponsor shall
contain the following information:
(1) The
name and address of the CPE program sponsor.
(2) The sources of CPE hours as specified in
§
11.64 (relating to sources of CPE
hours).
(3) A list of existing or
planned program offerings, if known.
(4) The total number of credit hours
requested for each program.
(5) The
attendance certification method.
(6) The program objectives.
(7) The admission requirements.
(8) The program outlines.
(9) The instruction and evaluation
methods.
(d)
Sworn statements. Statements made in an application shall be
sworn to be true and correct to the best of the applicant's
knowledge.
(e)
Board review
of application for approval. An application will be reviewed by the
Board's CPE Committee, which will make recommendations to the Board for
approval or disapproval. If an application is disapproved, the Board will
provide the applicant with written notification of the reasons for disapproval.
An applicant may submit a revised application to address the Board's concerns.
No Board member will review or vote upon an application in which he has a
vested interest.
(f)
Approval number. Upon approval by the Board, an applicant will
be assigned a CPE program sponsor approval number.
(g)
Biennial renewal of approval.
An approved CPE program sponsor shall renew its approval by January 1
of each even-numbered year. A renewal application shall list the CPE program
sponsor's planned program offerings for the upcoming renewal period.
